The Shiba Inu (SHIB) token is grappling with a challenging situation within the volatile meme coin market. Large whales are selling holdings, weakening the cryptocurrency’s support and increasing the risk of further price decline. SHIB finds itself lagging behind other meme coins like Dogecoin, BONK, PENGU, and PEPE, which have experienced notable gains in recent weeks. This slowdown has coincided with a significant decrease in whale accumulation over the past month, signaling potential selling pressure. Our analysis reveals that SHIB is currently hovering near critical support levels, facing the possibility of a further drop toward $0.000008. Market indicators suggest that momentum is fading, and a decisive break below the current support level could signal a downward trend. The token’s weakening performance highlights its vulnerability in a market dominated by rapid sentiment shifts and quick price movements.